Jacobs Levy Equity Management Inc. Sells 54,852 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Jacobs Levy Equity Management Inc. lowered its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 59.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,149 shares of the company's stock after selling 54,852 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.12% of StoneX Group worth $3,639,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Kestra Investment Management LLC purchased a new position in StoneX Group in the fourth quarter valued at about $31,000. Smartleaf Asset Management LLC lifted its position in StoneX Group by 250.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock worth $64,000 after purchasing an additional 469 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of StoneX Group during the 4th quarter valued at $75,000. KBC Group NV lifted its holdings in shares of StoneX Group by 39.0% in the fourth quarter. KBC Group NV now owns 1,309 shares of the company's stock valued at $128,000 after purchasing an additional 367 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in shares of StoneX Group in the fourth quarter worth $129,000. Institutional investors and hedge funds own 75.93% of the company's stock.

Wall Street Analyst Weigh In

Separately, William Blair began coverage on StoneX Group in a research report on Wednesday, March 26th. They issued an "outperform" rating on the stock.

Insider Buying and Selling

In related news, CEO Philip Andrew Smith sold 9,000 shares of StoneX Group stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $69.56, for a total transaction of $626,040.00. Following the completion of the transaction, the chief executive officer now owns 342,711 shares in the company, valued at approximately $23,838,977.16. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $87.75, for a total transaction of $98,718.75. Following the completion of the sale, the director now owns 116,735 shares of the company's stock, valued at approximately $10,243,496.25. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,582 shares of company stock valued at $12,788,913. 11.70% of the stock is owned by company insiders.

StoneX Group Price Performance

Shares of NASDAQ:SNEX traded up $1.33 during trading on Monday, reaching $88.85. The stock had a trading volume of 158,595 shares, compared to its average volume of 286,382. StoneX Group Inc. has a 52 week low of $46.43 and a 52 week high of $97.17. The business's 50-day moving average price is $80.98 and its 200 day moving average price is $74.31. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29. The stock has a market capitalization of $4.35 billion, a PE ratio of 10.62 and a beta of 0.63.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. The company had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. As a group, equities analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current year.

StoneX Group Company Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.